Business News

Brexit seen threatening UK links in EU supply chain

SHIPLEY, England (Reuters) - Mandy Ridyard knew Brexit was going to be a challenge for her aviation components firm, but it was still a shock when she heard a French company bluntly ruling out British suppliers from an international bid for a contract in China. Steel bars are seen inside the factory of precision engineering company Produmax in Shipley, Britain May 8, 2018. REUTERS/Phil NobleThere was just too much un...

13 May 6:39 PM 0 Read More...

Trump working with President Xi to help restart China’s ZTE

WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that he and Chinese President Xi Jinping are working to give Chinese telecom company ZTE Corp “a way to get back into business, fast.” FILE PHOTO: A ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/File Photo “President Xi of China, and I, are working together to give massive C...

13 May 5:32 PM 0 Read More...

Conoco authorized to seize $636 million in Venezuela PDVSA assets

WILLEMSTAD Reuters - - A Curacao court has authorized ConocoPhillips (COP.N) to seize about $636 million in assets belonging to Venezuela’s state oil company PDVSA due to the 2007 nationalization of the U.S. oil major’s projects in Venezuela. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22, 2018. REUTERS/Andres Martinez CasaresThe legal action was the latest in the Caribbea...

12 May 10:29 PM 0 Read More...

Difficult to shield German firms after U.S. withdrawal from Iran deal: minister

BERLIN, (Reuters) - - Germany wants to help its companies continue doing business in Iran after the U.S. decision to reimpose sanctions against Tehran, but it could be difficult to shield them from any fallout, Foreign Minister Heiko Maas said on Sunday. German Foreign Minister Heiko Maas speaks during a joint news conference with his Russian counterpart Sergei Lavrov following their meeting in Moscow, Russia May 10,...

12 May 10:29 PM 0 Read More...

Bayer CFO sees lower Monsanto synergies after divestments: Boersen-Zeitung

FRANKFURT (Reuters) - Bayer’s potential synergies from buying U.S. rival Monsanto will be lower than $1.5 billion because of anti-trust divestments, the German company’s Chief Financial Officer told Germany’s Boersen-Zeitung. Johannes Dietsch, CFO of German drugmaker Bayer AG, is addressing the media during the annual results news conference in Leverkusen, Germany February 22, 2017. REUTERS/Wolfgang Rattay T...

12 May 10:29 PM 0 Read More...

Walmart may launch IPO for Flipkart in as early as four years

MUMBAI (Reuters) - Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take India’s Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart’s largest-ever acquisition. The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. ChinnappaMinority investors holding 60 percent of Fli...

12 May 10:29 PM 0 Read More...

China's ZTE paid over $2.3 billion to U.S. exporters last year, ZTE source says

(Reuters) - Chinese technology company ZTE Corp 0000063.SZ (0763.HK), which this month suspended its main operations after a U.S. Commerce Department ban on American supplies to its business, paid over $2.3 billion to 211 U.S. exporters in 2017, a senior ZTE official said on Friday. FILE PHOTO: The inside of a ZTE smart phone is pictured in this illustration taken April 17, 2018. REUTERS/Carlo Allegri/Illustration/F...

12 May 10:29 PM 0 Read More...

Wall Street rises with healthcare rally after Trump’s speech

(Reuters) – The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them. Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermid Johnson & Johnson and Pfizer each rose over 1 percent while Merck & Co jumpe...

12 May 1:04 AM 0 Read More...

Wall Street rises with healthcare rally after Trump's speech

(Reuters) - The S&P 500 rose on Friday, helped by healthcare stocks after President Donald Trump blasted high drug prices but avoided taking aggressive measures to cut them. Trader Michael Capolino shouts out a bid on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. REUTERS/Brendan McDermidJohnson & Johnson and Pfizer each rose over 1 percent while Merck & Co jumped 2.8 per...

11 May 9:19 PM 0 Read More...

U.S. court revives challenge to Seattle’s Uber, Lyft union law

(Reuters) – A U.S. appeals court on Friday revived a leading business group’s challenge to a Seattle law, the first of its kind, that would allow drivers for ride-hailing services such as Uber Technologies Inc UBER.UL and Lyft to unionize. FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme/File Phot...

11 May 7:59 PM 0 Read More...